About Novel Plastic Private Limited
Data last updated:
Novel Plastic Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the bottle and cap manufacturing segment of the packaging sector. It was incorporated on 27 February 2004.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U25206MH2004PTC144763. Its GSTIN is 26AABCN8902A1ZV (Dadra and Nagar Haveli and Daman and Diu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.5 Lakh. It was led by directors including Jigarr Manilal Dharod and Manilal Damji Dharod.
Its last annual general meeting (AGM) was held on 27 April 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 158 1st Floor Raja Ind Estate P K Road Mulund (W), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2023, the company reported a revenue of ₹18.1 Lakh, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹9.84 Lakh (net margin 54.4%) and EBITDA of ₹14.76 Lakh (EBITDA margin 81.5%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 20% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹4.03 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
The last known website on record is nplpet.com.
Company details
Contact details
Novel Plastic Private Limited's registered office is in Mumbai, Maharashtra. Its website is nplpet.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address158 1st Floor Raja Ind Estate P K Road Mulund (W), Mumbai, Maharashtra, India – 400080
- IndustryPackaging, Bottle & Cap Manufacturing
To see the full contact details of Novel Plastic Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Novel Plastic Private Limited
FY 2023 filings availableNovel Plastic Private Limited reported revenue of ₹18.1 Lakh (up 21% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 20%. EBITDA rose 73% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.76 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.84 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.5% | ||||
| Net Profit Margin | 54.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Novel Plastic Private Limited, buy the company report.
Board of directors of Novel Plastic Private Limited
Novel Plastic has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigarr Manilal Dharod Also directs: JVM Enterprises LLP, Novel Plastic LLP | Director | 28 Apr 2015 | 11 Years 6 Months | As last reported |
| Manilal Damji Dharod Also directs: JVM Enterprises LLP, Novel Plastic LLP | Director | 28 Apr 2015 | 11 Years 6 Months | As last reported |
| Vimlaben Manilal Dharod Also directs: JVM Enterprises LLP, Novel Plastic LLP | Director | 04 Apr 2017 | 9 Years 7 Months | As last reported |
Peer comparison
Novel Plastic Private Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Micro & Macro Agencies Pvt.Ltd. | ₹23.93 Lakh (FY 2024) | 48.0% | Barasat, West Bengal, India | |||
| Ashoka Caps Private Limited | ₹22.2 Lakh (FY 2019) | -63.0% | Sangli, Maharashtra, India | |||
| Zeal Plast Private Limited | ₹22.14 Lakh (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Novel Plastic Private Limitedthis company | ₹18.1 Lakh (FY 2023) | ₹9.84 Lakh | 54.4% | 21.0% | Mumbai, Maharashtra, India | |
| Utkarsh Polypet Private Limited | ₹17.75 Lakh (FY 2025) | -71.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Novel Plastic Private Limited, buy the company report.
Auditor
Novel Plastic Private Limited is audited by BHAVESH TANNA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAVESH TANNA & ASSOCIATES | FY 2021 | 121676W |
Shareholding
The shareholding of Novel Plastic Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Novel Plastic Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2017 | 100093898 | Others | ₹1.8 Cr | Satisfied | |
| 03 Feb 2011 | 10267168 | Canara Bank | ₹9.2 Lakh | Satisfied | |
| 10 Dec 2010 | 10258614 | Canara Bank | ₹4.2 Lakh | Satisfied | |
| 13 Jul 2006 | 10014315 | Oriental Bank of Commerce | ₹25 Lakh | Satisfied | |
| 26 Jul 2005 | 80003154 | Canara Bank | ₹1.85 Cr | Satisfied |
To see the full charge records of Novel Plastic Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Novel Plastic Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Sheelpe Enterprises Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Sheelpe Enterprise Pvt. Ltd | Pending |
To see the full case history of Novel Plastic Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Novel Plastic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Novel Plastic has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AABCN8902A1ZV | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Novel Plastic Private Limited, buy the company report.
Recent activity
Novel Plastic Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Henil Navin Dharod ceased to be Director on 18 Aug 2021.
12 earlier events are in the company report.
Frequently asked questions
Novel Plastic has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Novel Plastic was a private limited company based in Mumbai, Maharashtra, India. The company worked in bottle and cap manufacturing, within the packaging industry. It was incorporated on 27 February 2004 and is registered under CIN U25206MH2004PTC144763. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Novel Plastic is U25206MH2004PTC144763. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel Plastic had 3 directors:
- Jigarr Manilal Dharod - Director
- Manilal Damji Dharod - Director
- Vimlaben Manilal Dharod - Director
Novel Plastic was incorporated on 27 February 2004. It is registered with the Registrar of Companies, Mumbai.
Novel Plastic can be reached through the website nplpet.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Novel Plastic is at 158 1st Floor Raja Ind Estate P K Road Mulund W, Mumbai, Maharashtra, India – 400080.
The latest financial statements of Novel Plastic on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 April 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Novel Plastic is 26AABCN8902A1ZV, registered in Dadra and Nagar Haveli and Daman and Diu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Novel Plastic operated in the packaging industry, in the bottle and cap manufacturing segment.
The peers of Novel Plastic by revenue are Micro & Macro Agencies Pvt.Ltd, Ashoka Caps Private Limited, Zeal Plast Private Limited, Utkarsh Polypet Private Limited, all in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
